REPORT. ISO/TR. First edition. Reference number . This document was drafted in accordance with the editorial rules of the ISO/IEC. (International Standard Risk Management ISO Draft Review) ISO , the international standard for Risk Management – ‘Risk Management. Hi:bigwave: Does anybody have a copy of the draft working document ISO they could share with little me? ttfn Ben.

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Initially it was agreed that only minimal changes would be made to the standard while the committee looked at the potential for more substantial revision. The problem I have with this sentence is the parts between brackets. It can be positive, negative or both.

Below some of the changes to the version of ISO have been summarised and a few words on why the changes are being proposed:. Cyber There’s a good time coming The result was that it was agreed that there was a need to reduce the text quite a lot but that an appropriate balance between giving guidance with enough details and not turning the guidance offered into a school text book.

The revision for the ISO standard is to be finalized in The next steps will be a review of the comments submitted that will modify the text further and then a ballot by ISO members to move to the final publication.

The intention throughout the revision process in recent meetings has been to focus on the fundamentals and in doing so create a shorter, clearer and more concise document that is easier to read and apply. A common theme found in the comments was the addition of concepts or examples specific to countries or industries.

A FERMA voice on ISO implementation | Ferma

The intention is to promote harmonization within ISO documents with respect to risk and its management. The next ISO meeting is being held in San Francisco in July and this suggests publication of the revised risk management standard perhaps early in Two of these, the disruption and supply chain risk standards, have failed to make the grade and have recently been officially dropped, but the legal risk standard ISO is now in development with the national standards bodies of China and the UK jointly leading the work.


Before being sent to ISO the draft of the DIS was endorsed by the working group WG2 and reviewed by an editorial drafy who checked for typographic issues and consistency across the different sections.

It immediately shows what the intent of the revision is.

The vision was to phrase a framework clause that provides guidance that is relevant for every possible user of the standard. It can be positive sometimes expressed as opportunitiesnegative sometimes expressed as threats or both.

In general the changes are in the direction of ddraft better wording and more complete coverage of what the notes want to convey. The definitions still mentioned in the standard … ddaft following apply are kept to a strict minimum and mainly those that have updated notes:. The Working Group meets next time on July 10th — 14th, in San Francisco to work on finalizing the revision.

ISO Risk Management Standard Draft available for comment.

Internet of Things What does it mean? Don’t be the weak link. Care needed 311004 be taken in in considering all the points raised and discussions on the right way forward took considerable time.

Ultimately the decision was made to simplify the text and use other documents, such as ISO Guide 73 to provide additional information to those that need it. However, more complex language has been edited and reduced and accordingly the revised text is shorter and more precise and hopefully the user will find it much simpler to read. The content between brackets should be left out.

The overall message of ISO stays the same that deaft risk management process is an integrated part of strategic and operational management. The clauses on process has probably been the area that has received most comments during the revision.

However, pursuing opportunities without managing threats and weaknesses and not building on strengths, can certainly bring about unexpected and unwanted consequences. Please do review and pass on your thoughts and opinions by clicking the box below. The title has slightly changed as well: The most recent meeting in Jordan provided the 3104 and key changes necessary to move the standard forward and out of its committee stages making it available for wider comment.


The message TC would like to pass on to the reader of the DIS is to critically assess if the current draft provides the required guidance while still remaining relevant to all organizations, in all countries. Hosting services provided by: In the same time period three other risk standards have been proposed by ISO covering disruption dract risk, supply chain risk management and legal risk.

As this sentence was followed by 29 definitions that fully defined risk management the ISO way.

The next steps of the revision process are translation into French followed by comments and ballots drafft the National Standardization Bodies. There was considerable discussion on fundamental issues on the role of standards. We can expect that the new version of ISO will be published at the end of or early in The draft of the standard for review and comment is now available on the BSI Draft Review system at https: It should be noted that there was some convergence, from initially very different positions, from members of the technical committee, and in some cases National Mirror Committees, towards a shared vision of best practice in global risk management.

The major change in this section at least to me is the fact that the following sentence has changed.

Comparing ISO 31000 (2009) with the draft ISO 31000 (2017) – Part 2

The Commenting process provides a real opportunity for those with risk responsibilities to feedback to the committee on any issues or opportunities to improve the standard before it becomes a National and International standard. The major task to accomplish is progress the revision of ISO For example, one could say that pursuing an opportunity, making use of ones strengths, while managing threats and weaknesses, can bring unexpected positive consequences.

The consequences are then the effects of uncertainty on the objectives related to the opportunity pursued.